Multiple Income Generator Possibilities - Investor or Owner Use

Multi-Family for Sale
Catylist Listing ID: 30257077
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 1,444 SF
Gross Building Area: 4,116 SF
Gross Land Area: 3.11 Acres
Sale Price: $258,000
Unit Price: $86,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,458 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 500
Gross Rent Multiplier: 2
Last Updated: 12/29/2018

Overview / Comments

Investors or Owner Usage Opportunity. Country living yet close to everything with a peaceful easy feeling! Nicely manicured 3 acres with multiple income generating possibilities. Grandfathered duplex (1/1 on each side), PLUS a single family house (2/1) (probably a tear down) PLUS a barn/workshop/garage w/power and garage doors on either end. Barn was built in 2001 and is 1366 sq. ft. with a metal roof. Single Family Home is 872 sq. ft. built in 1925 and the Duplex is 1,444 sq. ft. built in 1945. New a/c unit in one unit of duplex in 2018. Rent out the Barn for additional rental potential or use for personal storage or workshop. Long term tenant on right side. Left side tenant moved in late summer 2018. Per County Zoning Commissioner this property allows the new owners to move a manufactured home on the property while building their new home if they decide to tear down the current 1925 Single Family House or live in the manufactured home permanently. No deed restrictions. Park your boat, trailer, RV and bring your horses too. Take a drive by - you will like what you see.

Additional Details

Nearest MSA: Tampa-St. Petersburg-Clearwater
County: Hillsborough
Taxing Authority: Hillsborough County
Tax ID/APN: U-27-30-22-ZZZ-000005-24890.0
Zoning: AR
Percent Occupied: 100%
Property Located Between: Lithia Pinecrest and Welcome Roads
Highway Access: SR 39 and SR 640
Airports: TPA, St. Pete/Clearwater
Site Description: Duplex - one side of duplex rented to long term tenant. Other side has a new tenant. Garage offers additional rental income. SFH is probably a teardown. (TOTAL 3 Buildings). Bring a manufactured home on to the property for additional rent or build new.
Area Description: Agriculture - Rural Rural 3.11 Acres w/Well,
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 1
Year Built: 1945
Year Renovated: 1981
Roof Type: Hip
Construction/Siding: Wood Frame
Exterior Description: Duplex
Parking Type: Other
Parking Description: Driveway for each side of duplex
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Other
Interior Description: 1/1 each side, wood floors, central air for duplex; one side has new a/c unit in 2018
Zoning Description: AR
Lot Frontage: 356
Lot Depth: 389
Water Service: Well
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: NE 1/4 OF SE 1/4 OF NE 1/4 LESS W 264 FT OF NW 1/4 THEREOF...LESS N 198 FT OF SW 1/4...LESS S 3/5 OF E 1/2 AND LESS R/W AND LESS S 132 FT OF W 300 FT THEREOF......S 1/3 OF N 3/5 OF E 1/2 OF NE 1/4 OF SE 1/4 OF NE 1/4 LESS ROAD R/W

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,869 7,165
Median Age: 38.65 35.35
Households: 618 2,271

Contact

Photograph of Listing Agent

Marilyn A Sakelaris

LESLIE WELLS REALTY, INC. MFCRE Member
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